How does the payment of new VEFA accommodation go?

How does the payment of new VEFA accommodation go?

Blandine Rochelle - January 3, 2018

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When you buy new Housing in VEFA, payment is subject to a staggered whose amounts are paid according to the progress of the work.The calendar and the unlocked amounts are thus strictly supervised by law.

Payment of a VEFA accommodation is staggered

If you have planned to buy housing in VEFA (sale in the future state of completion), be aware that payment is necessarily subject to a stagger.It is not a negotiable contractual clause, but indeed a measure imposed and framed by law.Thus, the promoter will make a funding at different stages of construction, and it is the bank that will have to unlock them.In your sales contract, you must be able to find the total amount you will have to pay for the purchase of your accommodation, payment terms and the various stages corresponding to the payment of payment.You must therefore pay a security deposit when booking your accommodation, the balance of the amount of the sale is paid on the day of delivery, and other fundraising takes place between these two stages.

Good to know

The amount of the security deposit cannot exceed 5 % if the time of signature of the deed of sale is one year maximum, and it cannot exceed 2 % if this period is between 1 and 2 years.

The staggering of payment of a VEFA accommodation is supervised

The staggering of payments for the sale price of housing is established by law, depending on the progress of the work.The payments made must not exceed the following thresholds:

Do not forget to carry out a check before stepping the sale

The day of delivery of your accommodation, there will still be a balance of 5 % to pay to the promoter before finalizing the payment of the sale.Know that this sum can be recorded if you issue reservations on delivery day.It is therefore very important that the visit you are going to make is effective, you will have to inspect each corner of the accommodation, test each switch, open each door, each window, and observe all the equipment to ensure that everything is in accordance with whatwas mentioned in the contract.In the event of disorder, non-compliance or failure, you must raise your observations on the delivery report, and the sale of the sale will only be paid when the faults you have noted have been repaired.

Good to know

You can completely have you assisted by a professional on the day of delivery of the accommodation, experts can support you and deliver their observations.Note however that if you are assisted by a professional, you will no longer benefit from the 8 -day period, which follow the delivery, to make reservations.

Video: Key points for buying new accommodation

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